Consumer Spending Via Online Channels up by 3.7%
UK shoppers spent £24.4bn online over the Christmas period, up 3.7% year-on-year, as deep discounting and BNPL drove sales. Online prices were discounted in the...
Tag : shopping
M&S Reports Hike in Sales During Xmas
M&S has reported 8.1% rise in like-for-like sales during Xmas. The department store and food retailer saw UK sales surge to £3.6bn in the 13...
Consumers plan to spend $997.73 on gifts, holiday items and other non-gift purchases
According to the annual survey released by the National Retail Federation and Prosper Insights & Analytics despite the continued supply chain disruption, Consumers plan to...
RAINS DAMPEN SALES IN UK
September saw the slowest retail sales growth since January, when the UK was forced into lockdown due to Covid-19. Like-for-like sales were 0.6% lower for...
INNERWEAR COMPANIES CLOCK GROWTH AMIDST PANDEMIC
While things may be going for a toss for almost all apparel and textile related segments; there is one sector which has defied the tough...
Kishore Biyani sees Fast Action Future’s $3.4 billion deal
India’s Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring...
BLACK FRIDAY IN COVID ERA – BOOM or BANE?
Bluecore’s 2020 Black Friday Report reveals that an average of 59% of retailers’ Black Friday sales were from first-time buyers. Consumers spent an estimated $9...
ONLINE IS NOT PERMANENT SAYS PRIMARK’S CHIEF
Primark’s chief executive Paul Marchant has slammed claims that COVID-19 has brought about a permanent shift to online shopping, Marchant took aim at pundits who...
Americans Squeeze Shopping Budget for Holidays
Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according...
DUTY FREE SHOPPING IN UK TO END COVID 19 IMPACT LUXURY BRANDS
The UK Government announced that tax free shopping in the UK will end on 31st December this year. All overseas visitors will no longer be...